 The Wawasee Yacht Club was established in 1935 after four Snipe sailboat enthusiasts visited Wawasee to see if it was a good sailing lake.They used the front porch of Bishop's Boat Livery and Marine Supply near the Eli Lilly estate as their first meeting place and dock their boats.Currently the club sails E-Scows, Lightnings, and Sunfish class boats in three regattas held from June through early October.